Nvidia is expanding its substantive influence in the AI sphere with Nemotron-4 340B, a family of open models designed to generate synthetic LLM training data for commercial applications across numerous fields. Through what Nvidia is calling a “uniquely permissive” free open model license, Nemotron-4 340B provides a scalable way for developers to build LLMs. Synthetic data is artificially generated data designed to mimic the characteristics and structure of data found in the real world. The offering is being called “groundbreaking” and an important step toward the democratization of artificial intelligence. Read more

Zeta Labs has raised $2.9 million in pre-seed round funding and launched JACE, an AI assistant that can autonomously complete complex tasks. The LLM-powered JACE agent executes in-browser actions on command. In fact, Zeta claims JACE is so autonomous that it eliminates the need to be sitting in front of a computer while it executes requests — just tell it what you’d like it to do and let it go. London-based Zeta says it will use the money to expand its engineering team, host training models and improve JACE’s speed and reliability. Read more

More U.S. youth are relying on TikTok for news, according to a study by the Pew Research Center, which says young adults increasingly believe the short-form social video platform exposes them to information they don’t see elsewhere, even though they don’t primarily associate it with news. Among those who use TikTok, only 15 percent cite “news” as a major incentive for using the app. The study, which examines American news consumption on social media platforms, found X to be the most popular news source across all demographics, beating Meta’s Facebook and Instagram as well as ByteDance’s TikTok. Read more

Amazon has earmarked $230 million to invest in generative AI startups worldwide, providing funding in the form of “AWS credits, mentorship, and education to further their use of artificial intelligence and machine learning technologies.” The initiative will cast a global net, focusing on early-stage companies. About $80 million of that allocation will fund the second cohort of the AWS Generative AI Accelerator, which provides up to $1 million in credits “to each of the top 80 early-stage startups that are using generative AI to solve complex challenges.” Applications for the AWS Accelerator are open through July 19. Read more

Yahoo announced it is bringing new AI features to its news and mail platforms. Its reimagined news app leverages tech acquired when it purchased news aggregator Artifact this spring. Greater personalization and a more intuitive UI are among the upgrades, which include feed customization, summaries of articles and top stories and improved sharing tools. Yahoo says all of this will allow users to make its news aggregator feed a more individualized experience that improves with use. Artifact creators Mike Krieger and Kevin Systrom, who co-founded Instagram, announced plans in January to shutter the AI-powered news app. Read more